Activant Solutions to launch $120 million five-year floaters via roadshow

By Paul A. Harris

St. Louis, Feb. 25 - Activant Solutions Inc. will launch its $120 million offering of five-year senior floating-rate notes (B2/B+) in a roadshow beginning Tuesday, according to market sources.

JP Morgan and Deutsche Bank Securities will be the bookrunners for the Rule 144A/Regulation S with registration rights notes offering.

The notes are non-callable for one year.

Proceeds, together with cash on hand, will be used to fund Activant's previously announced purchase of all outstanding shares of common stock of Speedware Corp. Inc.

Activant Solutions is an Austin, Texas-based technology provider.

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